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 Post subject: composite indicator
PostPosted: Fri Feb 10, 2012 8:06 am 
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Joined: Fri Feb 10, 2012 8:01 am
Posts: 2
How to build a composite indicator? I would like to see a simple example.


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 Post subject: Re: composite indicator
PostPosted: Mon Feb 13, 2012 10:57 am 
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Joined: Fri Oct 16, 2009 3:40 pm
Posts: 451
The indicator builder for mt4 was designed to create indicators for one pair at a time. We do it this way since mt4 cannot backtest multicurrency eas or indicators. We put the multicurrency in the startegy builder and not in the indicator builder.

Multicurrency works fine live but withoutbacktesting creating multitime frame indicators is less desired.

However if you still want to do it you may need some manual adjustment (it may work but I have not tested it)

In the indicator builder, create any equation:
i.e. (iAC(NULL,0,i)+iADX(NULL,0,0,PRICE_CLOSE,MODE_MAIN,i))/2
In advanced mode change the null for the pair (and add "")
(iAC("EURCAD",0,i)+iADX("USDCAD",0,0,PRICE_CLOSE,MODE_MAIN,i))/2

(the equation does not make any sense - it's there to ilustrate the procedure)


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